Guinness Nigeria reports strong revenue and profit growth
Guinness Nigeria PLC has announced significant revenue and profit increases for the six months ended 30 June 2026. The company’s unaudited financial statements highlight robust domestic sales and improved capital management. Guinness Nigeria also achieved a key milestone by eliminating its retained earnings deficit. Despite ongoing cost pressures, management remains focused on sustaining momentum.
TLDR
- Revenue rose 11.8% to N265.04bn for the six months ended 30 June 2026, up from N237.00bn in the same period of 2025.
- Net profit after tax surged 53.2% year-on-year to N25.30bn, driven by strong sales and reduced borrowing costs.
- Basic earnings per share increased to 1,155 kobo, compared to 754 kobo in H1 2025.
- Finance costs dropped 64.9%, with total loans and borrowings reduced to N22.77bn from N43.92bn at year-end 2025.
- Retained earnings improved to N15.70bn from a deficit of N5.22bn as of 31 December 2025, boosting total equity to N64.25bn.
